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Washington State Awards Comtech $48 Million Multi-Year Contract Extension for Next Generation 911 Services

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Comtech (NASDAQ: CMTL) has been awarded a $48 million contract extension by Washington State to continue providing Next Generation 911 (NG911) services over the next five years, with the option to extend through 2034. The initial contract was awarded in 2016, making Washington a national leader in NG911 services. Comtech's President and CEO, Ken Peterman, expressed the company's value of the partnership and their commitment to supporting Washington's public safety mission. The NG911 system has been credited with saving countless lives and providing more effective 911 services in Washington State.
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  • Awarded a $48 million contract extension by Washington State for NG911 services.
  • Option to extend the contract through 2034, showcasing long-term potential for the partnership.
  • Washington State has been a national leader in NG911 services since the initial contract award in 2016.
  • Comtech's NG911 system has been credited with saving countless lives and providing more effective 911 services in Washington State.
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Insights

The extension of Comtech's contract with Washington State to provide Next Generation 911 (NG911) services is a significant development in the field of emergency communications. It highlights the increasing demand for advanced and reliable communication systems capable of handling modern communication technologies. From a policy perspective, the investment in NG911 services aligns with broader public safety initiatives aimed at enhancing the effectiveness of emergency response systems.

NG911 systems offer substantial improvements over legacy 911 services, including the ability to support text, image and video transmissions, which can provide first responders with more detailed information and situational awareness. The interoperability aspect mentioned, allowing for seamless communication across state and international lines, is particularly notable as it represents a critical step towards a more integrated emergency response framework. This contract not only signifies the trust and satisfaction with Comtech's services but also sets a benchmark for other states considering similar upgrades to their emergency communication infrastructures.

From a financial standpoint, the $48 million contract extension awarded to Comtech is a strong indicator of the company's stable revenue stream over the next five years, with a potential extension through 2034. This long-term contract provides a degree of predictability and financial stability for Comtech, which is beneficial for investors seeking to assess the company's future cash flows and earnings potential.

Moreover, Comtech's role in deploying one of the most advanced NG911 systems in the United States may position the company favorably for similar contracts in the future, both domestically and internationally. Investors should monitor the company's performance and the continued adoption of NG911 services, as this could lead to further growth opportunities and increased market share within the public safety technology sector.

The mention of exploring emerging capabilities like artificial intelligence (AI) to equip first responders indicates Comtech's commitment to innovation within the NG911 space. Integrating AI into emergency response systems could revolutionize how critical information is processed and acted upon, potentially reducing response times and improving outcomes during emergencies.

The technological evolution of NG911 systems is a complex process that requires continuous adaptation to new communication methods and user behaviors. As such, Comtech's ability to evolve its offerings to meet these challenges is crucial. The company's focus on resilience, security and interoperability is essential for maintaining a robust emergency response system that can adapt to future technological advancements and use cases.

MELVILLE, N.Y.--(BUSINESS WIRE)-- February 5, 2024-- Comtech (NASDAQ: CMTL) announced today that Washington State recently awarded the company a $48 million contract extension to continue providing Next Generation 911 (NG911) services over the next five years, with the option to extend through 2034.

Washington State initially contracted Comtech to design, deploy and operate next generation public safety technologies and secure and reliable communications capabilities in 2016, making Washington a national leader in the application of NG911 services.

“We value our continued partnership with Washington State and have worked collaboratively over the past eight years to deploy one of the most robust and advanced NG911 systems in the United States,” said Ken Peterman, President and CEO, Comtech. "This contract extension award further demonstrates the state of Washington’s trust of our NG911 capabilities to support the state’s public safety mission. As we continue to support the state of Washington, we look forward to exploring emerging capabilities like artificial intelligence to equip first responders with life-saving insights at the speed of relevance.”

“The Washington State NG911 enterprise system provides people in crisis with a more effective 911 service and has saved countless lives in the eight years since we initially partnered with Comtech,” said Adam Wasserman, Assistant Director for Emergency Communications, Washington State Emergency Management Division. “Our NG911 system keeps pace with the ever-evolving communications technologies used by the citizens in our state. In addition, due to the increased reliability, resilience and security, as well as the designed interoperability with other 911 centers – intrastate, interstate, and international (Canada) – the Washington State NG911 enterprise system is more effective at collecting and disseminating initial situational awareness during major emergencies and disasters.”

As one of the most trusted providers of public safety technologies, Comtech is continuing to expand its NG911 offerings for governments and emergency response providers around the world. The company’s NG911 systems are designed to adapt and continuously evolve over time to meet the needs of emerging use cases as well as future applications.

About the State of Washington 911 Coordination Office

The 911 Unit of the Emergency Management Division works to ensure the seamless operation of the statewide 911 communications system, ensuring uniform, prompt, and efficient access to public safety services for the citizens and visitors to the state of Washington.

Washington has 86 Public Safety Answering Points (911 centers) that cover all 39 counties within the state. The PSAPs are connected to the statewide Emergency Services IP Network (ESInet), which delivers location information of the 911 caller as well as other data needed.

In addition to contracting for the statewide 911 network, the 911 Unit provides fiscal and technical assistance to counties and PSAPs to support 911 operations. The 911 Unit continues to drive the evolution of the 911 network to accommodate the advances in communication technologies such as wireless, VoIP-based communications and the myriad of upcoming non-traditional technologies.

About Comtech

Comtech Telecommunications Corp. is a leading global technology company providing terrestrial and wireless network solutions, next-generation 911 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Our unique culture of innovation and employee empowerment unleashes a relentless passion for customer success. With multiple facilities located in technology corridors throughout the United States and around the world, Comtech leverages our global presence, technology leadership, and decades of experience to create the world’s most innovative communications solutions. For more information, please visit www.comtech.com.

Forward-Looking Statements

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results and performance could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.

PCMTL

Investor Relations

Maria Ceriello

631-962-7115

investors@comtech.com

Media Contact

Jamie Clegg

480-532-2523

jamie.clegg@comtech.com

Source: Comtech Telecommunications Corp.

FAQ

What contract extension was awarded to Comtech by Washington State?

Comtech was awarded a $48 million contract extension by Washington State for Next Generation 911 (NG911) services.

When was the initial contract with Washington State awarded to Comtech?

The initial contract with Washington State was awarded to Comtech in 2016.

Who is the President and CEO of Comtech?

Ken Peterman is the President and CEO of Comtech.

What is the ticker symbol for Comtech?

The ticker symbol for Comtech is CMTL.

What is the purpose of the NG911 system provided by Comtech?

The NG911 system provided by Comtech aims to provide more effective 911 services and save lives in Washington State.

What is the value of the contract extension awarded to Comtech by Washington State?

The contract extension awarded to Comtech by Washington State is valued at $48 million.

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